Registration number 10261522 Registered charity number 1171423 YUNUS EMRE ENSTITUSU Company limited by guarantee Trustees, report and finaDcial statements for the year ended 30 June 2024
YUNUS EIRE ENSTITUSU Company I1(e by guarantee Charity information Trustees who served during the year Prof Abdurrahman Ally (Chairn]an) from 4 June 2024 Prof Seref Ates (Chairman) until 4 June 2024 Dr Abdullatif Aydin Mr Muttalip Unluer Charity number 1171423 Registered oifice l O Maple Street London United Kingdom WIT SHA Independent Examiner Meer and Company No. I Cochrane House Admirals Way Canary Wharf London E14 9UD Bankers Metro Bank
YUNUS EMRE ENSTITUSU Company limited by guarantee Contents Page Trnstees, annual report tndependent examiners, report Statement of financial activities Statement of total CogniSed gains and losses Balance sheet Notes to the funCIal statements
YUNUS EMRE ENSTITUSU Company limited by guarantee Report of the Trustees, for the year ended 30 June 2024 The Trustees present their annual report and the fjnancial statements for the year ended 30 June 2024 and confirni th¢y comply with the Charities Act 2011, the trust deed and th¢ Charities SORP. Structure? governance and management Governing document The organisation is a charitable company limited by guarantee. incory)orated on 04th July 2016 and registered as a charitable trust with the Charity Conm]ission on 01 February 2017 under charity number 1171423. The company was established under a Memorandum of Association which established the objects and powers of th¢ haTitsble company and is governed under its Articles of Association. Organisational structure The charity trustees are responsible for the generdl control and managem¢nt of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. The trustees meet together as a body at least once in year and are responsible for all dec.isions taken in relation to running of the charity and the community facilities and the activities provided by the charity. The day-to-day management of the Charity and Community facilities and projects are delegated to designated director. Recruitment and appointment of trustees The existing trustees are responsible for the recruitment of n¢w trustees. In selecting new tntees, we seek to identify people who have good reputation in community and are willing to volunteer to help in our broader community work. Potential trustees are invited to attend trustees, meeting as observers and are given more detsils of the charitys aims and activities and, if all agree, they are then proposed as new trnstees at the subsequent tntees, meeting. This process allows due consideration of the person's eligibililyg P¥tbunal ivmpetence, specialist knowledge and skilts. Induction and training of trustees A number of publications. detailed guides and how to guides, from the Charity Commission are also provided including "What Makes a charity" Charitabl¢ pury)oses and public b¢ncfit" and "Public b¢n¢fit: the rules for charities" This ensures that new trnstees are aware of the scope of their responsibilities under the Charities Act. Risk management The trustees assess the risks the charity faces using a risk matrix which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measures taken to manage them. The trustees review the risk at their meetings. The trustees are satisfied that systen]s are in place. or arrangements are in hand, to manage the risks. tn particular, insurance cover is in place and the finances of the Charity are kept under review. Objectives and activities Our xim$ The objects of the charity are set out in the ctwitys trust deed and a summarised as follows: (a) to advance education in Turkish culture, heritage, art and language, including but not limited to through the provision of training, events and research opportunities. and (b) to promote Turkish cultur¢, heritage, art and language, in particular (but not limited to) by promoting cultural relationships between the people and peoples of turkey, the United Kingdom and other countries, including (but not limited to) through the establishment of cultural celltre5 in the United Kingdom and other Page I
YUNUS ElktRE ENSTrrusu Company Ilmlted by guarantee Report of the Trustees. for the year ended 30 June 2024 . continued (c) The relief of charitsble need and suffering an]ong persons affected by war or naturdl disaster in Turk¢y through th¢ provision of money, resources or other support. Our objectives Our objectives are set to reflect our commitment to advancement of education and cultural relations. Each year our trustees revÉew our objectives and activities to ensure they continue to reflect our ain]s. In carrying out this review the trustees have considered the Charity Commission's detailed guidance on public benefit requirement. Aetivities and aehievements How our activities deliver publi¢ benefit Th¢ adequacy or appropriateness of charity in society cannot be satisfactorily assessed on the basis of singular perspectives or criteria, where multiple components are taken into account, including assessment of the anticipated and wider environmental, economic, ethical, social, and cultural impacts of scientific and technological developments. The charity caleS out a rdngc of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit to wider public. Cultural activities The Yunus Emre Enstitiisu - London's 2024 activiti¢s focus¢d on fost¢ring meaningful cross-cultural dialogue and mutual understanding between communities in the UK. Turkiye. and beyond. Through a diverse calendar of over 100 events, the Institute positioned itself as a dynamic bridge between cultures, using art, language, history, and music as universal tools to connect people and ideas. One of the year's defining themes was intercultural collaboration. Events like the "From Yamato to Anatolia" concert blended Tiirkish and Japanese musical traditions. while the "Spirit of Istanbul" concert series traveled rruiii Loiidoii to Gl<lbbJOW aJid Dublii), coinbiiiiiig tiaditioiial Turkisli iiielodies witli local Irisli influeiices. Tliese perforn]anccs celebrated shared human experiences througb music. trdnscending culturdl boundaries. Literary and artisiic programs reinforced the Institute's role as a cultural meeting point. The European Writers, Festival and exhibitions such as the Tragacanth Dolls display not only showcased Turkish creativity but invited reflection on universal values like memory. storytelling. and heritage preservation. In education, the Institute partnered with British universities and schools to support Turkish language instruction, while also offering culturally immersive experiences to enhance empathy, communication, and global awarcness among learners of all ages. The 2024 activities highlighted the Institute's evolving mission: to create inclusive spaces where diverse cultures interact, learn frotn one another, and build lasting connections. Rather than promoting one culture over another, the Yunus Emre Enstitusu - London continues to champion cultural coexistence and shared humanity through its ¢ollaborativ¢ prOgramng Academic activities Oui organisatioii serves as a ceiitre for the acaden]ic activities through our associatloll WLth youllg alld established academics in varying topics dealing with issues from sustainable developments to issues affecting the humanity. Academic seminars and public lectures addressed global themes such as migration, diaspora, identity, and urban transforn]ation. Talks like "Cinema and M(ydernity in Occupied Istanbul" and The Image of Modern Turkiye in British India" encouraged comparntive analysis, offering UK audiences liistorical perspectives that resonate across nations Conferences 2nd trainings Page 2
YUNUS EMRE ENSTITUSU Company limited by guarantee Report of the Trustees, for the year ended 30 June 2024 . continued Our centre is available for use by British public in London. The facilittes have also ben¢fit¢d students, visiting artists and scholars from around the world. Financial review Reserves policy The trustees bave reviewed the reserves of the charity. Their policy is to hold enough funds to meet four months, operating costs of the premises. The fr¢¢ reserves as at 30 June 2024 were £41,036 (30 June 2023 . £21,671). Principal funding sources The charitys main source of income is grants received from our sol¢ m¢mb¢r. Investment policy and objectives The charity has no long-terni investhients. Our cash reserves are held in bank accounts. Page 3
YUNUS EMRE ENSTITUSU Company limited by guarantee Report of the Trustees. for the year ended 30 June 2024 . continued Statement of Trustees, responsibilities The charity trustees are responsible for preparlng an annual report and fmancial statements in accordance with applicable law and Unit¢d Kingdom Accounting Standards (Unit¢d Kingdom Generdlly Accq)ted Accounting Practice). The law applicable to charlties in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of th¢ state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trust¢¢s are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the FanCial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that th¢ chaTity will continu¢ in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the fmancial position of the charity and to enable them to ensure that the fInancial statements comply with the Chariti¢s Act 2011, Companies Act 2006 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees for the purposes of charity law who served during the year and up to th¢ date of this report are set out on charity infornthtion page. Approved by the TTuste¢s and signed on its behalf by: Acting Chair Profrkr. ALIq Date . Page 4
YUNUS EMRE ENSTITUSU Company limited by guarantee Independent examiners, report to the trustees of YUNUS EIVlliE ENSTITUSU I report to the tnJst¢es (who are also Directors for the purpose of company law) on my Cxamination of the financial stat¢m¢nts of YUNUS EMRE ENSTITUSU for the year ended 30 June 2024. This report is made solely to the charitys trustees. as a body. in accordance with s¢ction 145 of the Charities Act 2011. My work bas been undertaken so that I might state to the chaTity's trustees those matters I am required to stste to them in this report and for no other purpose. To the fullest extent permitt¢d by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this repolt or for the opinions I have fornied. Responsibilities and basis of report As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 Cthe 2006 Act). Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independ¢nt examination, I report in respect of my examination of the charitable companvs financial statements carried out under section 145 of the Charities Act 2011 {'the 2011 Act,) and in canying out my examination I have followed all the applicable Directions given by the Chality Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the charitable company's gross income exceeded £250.000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confmn that l am qualified to undertake the examination because l am a member of ICAEW. which is one of th¢ listed bodies. K have completed my examination. I confm that no material matters have come to my attention in connection with the examination giving ra¢ cause to b¢lieve that in any material respect: accounting records were not kept in respect of the chatitable company as required by section 386 of the 2006 Act. or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair view which is not a matter considered as part of an independent examination" or the fmancial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this repo in order to enable a proper understanding of the financial statements to be r¢ach¢d. Haroon Rafique- Chartered Accountant For and on behalf ofmeer and Company No. I Cochrane House Admirals Way Canary Wharf London, E14 9UD Date:2 9 2 0 2 5 Page S
YUNUS EMRE ENSTITUSU Company Ilmlted by guarantee Statement of financial activities for the year ended 30 June 2024 Unrestricted Restricted Total funds funds Fund5 2024 Total Funds 2023 Notes Incoming resources Grants Incoming resources from charitabl¢ activities: Operation of educalional and arts centre Income from other trading activities: Other income 284.000 284,000 222,500 87,390 87,390 76,545 34,961 34,961 41,296 Total incoming resources Resources expended Cost of generating funds: Operation of educational and arts centre 406,351 406,351 340,341 (115,982) (115,982) (88,946) Charitable activities Administrdtive costs (31,400) (259,803) (269,756) (269.756) Total resources expended (385,738) {385,738) (380,149) Net incoming resources before other recognised gainsl losses 20.613 20,613 39,808 Retained funds brought forward 14.426 14,426 54,234 Retained funds carried forward 35,039 35,039 14.426 Year ended 2024 Year ended 2023 Statement of total recognised gains and losses Net incoming resources before other recognized gainsllosses 20,613 20,613 (39,808) Total recognised gainsllosses since last annual report 20,613 20.613 (39,808) The notes on pages 7 to 8 forni an integral part of these financial statements. Page 6
YUNUS EMRE ENSTITUSU Company limited by guarantee Balance sheet as at 30 June 2024 2024 Unrestric 2023 Notes Unrestric Current assets Cash at bank and in hand 41.036 21,671 41.036 21,671 Creditors: amounts falling due within one year (5,997) (7,245) Net current assets 35,039 14,426 Total assets less current liabilities 35,039 14,426 Net assets 35,039 14,426 Funds of the charity Restricted income funds Unrestrict¢d incom¢ funds 35,039 14,426 Total funds 35,039 14,426 The company is exempt from the requirements relating to preparing audited accounts in accordance with section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of the accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the prepardtion of accounts. These accounts have been prepared in accordance wtth the provisions applicable to companies subject to the small companies, regime. The financial stat¢ments w¢re approved by the Board on and sI¢d on its behalf by Trustee Pr4.JJr. ilbcknrrohrno ALI4 Registration number 1026 22 tes on pa%es 7 to 8 form an integral part of these financial statements. Page 7
YUNUS EMRE ENSTITUSU Company limited by guarantee Notes to the financial statements for the year ended 30 June 2024 Aecounting policies 1.1. Accounting convention The fInancial statements are prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended PrdCti¢¢ applicabl¢ to charities preparing theiraccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP IFRS 102)). the Financial Reporting StsndaTd applicable in the UK and Rcpublic of Ireland (FRS 102) and the Companies Act 2006. 1.2. Incoming resources All incoming resources ar¢ recognised onc¢ the charity has entitlement to the resources. it is certain that the resource5 will be received and the monetary value of incoming resources can be measured with sufficient reliability. Ineome The total income of the charity for the year has been derived from grants from Turkish charities and operation of thvdtre and arts centre which were wholly undertaken in the UK.ertaken in th¢ UK. Unrestricted Funds Year ended 30106124 Year ended 30106123 Grants Course fee Other income 284,000 87,390 34,961 222,500 76,545 41,296 406,351 340.341 Page 8
YUNUS EMRE ENSTITUSU Company limited by guarantee Notes to the financial statements for the year ended 30 June 2024 continued Unrestricted Funds Year ended 2024 Unrestric Funds Year ended 2023 Administration Expenses Salaries and wages Employevs NI contributions Management expenses Light and heat Rates Repairs and maintenanc¢ Printing, postage and stationery Telephon¢ and fax Legal and professional fees Advertising Travelling and sub%isieiice Insurance 168,973 9,571 3,953 12,472 29.488 538 2,596 5,723 19.356 3.513 9,882 3,692 160.960 8,400 4.845 6,054 26,491 2,622 13.670 5.229 7,344 2,963 17.875 3,349 269,756 259.803 Employees Number of employees The average monthly numbers of employees (including the Trustees) during the year were: 2024 2023 Management staff The number of employees whose emoluments (excluding pension contributions and employer's National Insurdnce) fell within th¢ following ranges was: £60,000-£69,999 F.Tnployment costs 2024 2023 Wages and salaries Social security costs 168,973 9,571 160,960 8,400 178.544 169.360 Page 9
YUNUS EMRE ENSTITUSU Company limited by guarantee Notes to the financial statements for tbe year ended 30 June 2024 ontinued Creditors: amounts falling due within one year 2024 2023 Other taxes and social security costs Accruals and deferred incom¢ 5,042 955 6,290 955 5,997 7,245 Funds Unrestricted Total Funds At l July 2023 Net income for the year 14,426 20,613 14,426 20,613 At 30 June 2024 35,039 35,039 Reconciliation of movements in total trust funds 2024 2023 Incoming resources for the year 20,613 (39,808) N¢t addition to funds Opening trust funds 20,613 14,426 (39.808) 54,234 Closing trnst funds 35.039 14.426 Page 10